Oil & Gas

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CRUDE_ CLN21

Weekly – Remains in the December uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the new move  up from the 65.77 long entry. Volumes are bullish.

The next target up is 74.23.

A close below 65.83 would signal lower.

 

NAT GAS_ NGN21

Weekly – Remains in the Dec 2020 downtrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Short. The resistance line is nearby. Trade pressures are up but reversing. Volumes are bearish.

In the move down from 3.04. The next target down is 2.80.

The next target up would be the down trend line at 3.22 and would signal higher if broken.